METRO ONE TELECOMMUNS INC - WOWI STOCK NEWS

Metro One Telecommunications (OTC PINK: WOWI) announced its wholly-owned subsidiary Shelfy.io has signed Gili's Goodies as its first customer for a new WooCommerce plug-in. This integration aims to enhance Gili's online presence, catering primarily to international customers wanting to send gifts to Israel.

The expected launch of Shelfy.io's platform is in early Q2 2022, utilizing mobile technology to increase customer engagement and sales for small and medium-sized retailers.

Metro One Telecommunications (OTC PINK:WOWI) announced a partnership with HaMakolet, a leading convenience store chain in Israel, through its subsidiary Stratford Ltd. This collaboration aims to enhance mobile commerce solutions for HaMakolet, leveraging Shelfy.io's platform to improve customer engagement and sales. HaMakolet operates 9 stores, focusing on convenience and rapid service. The partnership aligns with a growing trend towards personalized shopping experiences, especially post-COVID-19, and will feature Shelfy's digital marketing tools to influence shopping behavior in real-time.

Metro One Telecommunications (OTCMarkets: WOWI) announced the partnership with Country Wine & Spirits (CWS), its first U.S. client for its mobile commerce platform, Shelfy.io. CWS, a prominent wine and spirits retailer in San Diego, aims to enhance its online presence through Shelfy’s technology. The partnership aligns with the growing mCommerce market, which accounted for 53.9% of e-commerce sales in 2021. The Shelfy platform enables retailers to create customized mobile apps easily, improving customer engagement and retention.

Metro One Telecommunications (OTCMarkets: WOWI) has successfully raised $1.98 million in a private placement of common stock and warrants. This funding follows a previous $3.25 million financing for asset acquisition and aims to support the transition to a modular SaaS solution in the booming mobile commerce sector. CEO Bianca Meger emphasized the goal of enhancing their platform's scalability and integration with eCommerce platforms to tap into the growing market demand. Mobile commerce is projected to comprise 73% of all e-commerce sales in 2021.

Metro One Telecommunications (OTCMKTS: WOWI) has appointed Ms. Bianca Meger as CEO, effective September 5, 2021. Ms. Meger, with over 18 years of experience, will manage the company's operations, focusing on sales, marketing, and regulatory duties. She brings a strong background in marketing and business development, having worked with Motorola and tech companies in Israel. Her vision includes enhancing Metro One's Mobile Commerce Platform as a Service to drive retail growth. The company's President emphasized that her leadership is crucial for achieving corporate goals and strengthening shareholder value.

Metro One Telecommunications (WOWI) announced results from its Special Meeting of Shareholders on June 30, 2021. Shareholders approved crucial actions for capital restructuring, including the conversion of Series A convertible preferred stock to common stock, allowing each share to convert into 71,683.25 common shares. Other approved proposals included increasing authorized common stock from 50 million to 600 million shares, a reverse stock split of 1-for-10 to 1-for-100, and the approval of a 2021 Stock Incentive Plan. Additionally, Metro One’s subsidiary is acquiring Royal App Ltd. for approximately $2.4 million.

Metro One Telecommunications (OTCMKTS: WOWI) has scheduled a virtual Special Meeting of Shareholders on June 30, 2021, with a record date of June 8, 2021. The meeting aims to discuss corporate actions related to a restructuring plan and reincorporation from Oregon to Delaware. Notably, the company plans to acquire assets of Royal App for approximately $2.4 million and seeks shareholder approval for increasing authorized shares from 50 million to 600 million, implementing a reverse stock split, and establishing a 2021 Employee Stock Incentive Plan.

Metro One Telecommunications (OTCMKTS: WOWI) has appointed Ami Bukris as Co-CEO of its subsidiary Stratford, Ltd., established to enhance the Shely mobile commerce platform. Bukris brings over 24 years of software development experience and has previously held senior management roles. His appointment aims to provide continuity and drive the product's growth in the retail sector, leveraging AI and machine learning. Metro One is also searching for a CEO to oversee its return to full reporting status.

Metro One Telecommunications (WOWI) announced the closure of a $3.5 million financing and the acquisition of Royal App Ltd. via its Israeli subsidiary, Stratford Ltd. The acquisition involved $2.4 million in cash and equity. The funds raised will enhance working capital for Royal App, known for its innovative AI technology in mobile commerce, improving online shopping for retailers. Chairman Nani Maoz emphasized the strategic importance of this acquisition for increasing shareholder value and achieving full SEC reporting compliance.